The new tariffs will impact many countries, not just those with which the United States has a significant trade deficit. The tariff rate will vary depending on the country, with ASEAN countries such as Vietnam, Cambodia, and Thailand among those seeing the most significant impacts. According to...
Thailand had a trade surplus with the United States of $35.4 billion last year, according to government data, while Washington has put its deficit with Thailand at $45.6 billion. Thailand's benchmark stock index fell as much as 6.1% on Tuesday, the first trading day since ...
Meanwhile, concerns over adverse impact from the US tariffs came after the US administration imposed a series of back-and-forth tariff moves against its major trade partners since January, including 25 percent tariffs on imports of steel and aluminum, another 10 percent tariff on imports from Chin...
Traditionally, bullion banks transport gold eastward from the West to meet demand from China and India, the world's two largest consumers, accounting for almost half of global consumption. But alarm about U.S. import tariffs planned by President Donald Trump...
Meanwhile, concerns over adverse impact from the US tariffs came after the US administration imposed a series of back-and-forth tariff moves against its major trade partners since January, including 25 percent tariffs on imports of steel and aluminum, another 10 percent tariff on imports from Chin...
As the 2 April 'Liberation Day' approaches, financial markets have turned more jittery with exporters and businesses bracing for potentially hard-hitting import tariffs imposed by US President Trump, UOB Group's economists Suan Teck Kin and Alvin Liew no
Overall, the US does not have a heavy reliance on the import of critical minerals from China, meaning that the tariff hike on these goods will have a minimal impact on US companies and consumers. Among the critical minerals targeted by the tariffs, China accounted for just 4.6 percent of...
However, MOFCOM’s new tariff is seen as largely symbolic given the relatively low volume of PA imported from the US. The move also comes after the US has stepped up rhetoric on what it says are unfair trade practices by China, threatening to increase tariffs targeting China’s steel, alumi...
The US gains are the result of a big drop in import tariffs in February 2020, thanks to a trade deal, and of course the strong US ethane-based cost position. In a deflationary or disinflationary Chinese economy, cost is the king. But Donald Trump’s ele...
“Thailand has always upheld a long tradition of humanitarianism, particularly in providing assistance to displaced persons from various countries for more than half a century and will continue to do so,” the ministry said in a statement.